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Provident Bank Gives Back to the Community - Donates Over $400,000 Through the Community Partnership Program

RIVERSIDE, Calif., April 04, 2016 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc., (NASDAQ:PROV), the holding company for Provident Savings Bank, F.S.B. (“the Bank”), today announced that the Bank has donated over $400,000 to local non-profits during the past nine years through its Community Partnership Program. This year, more than $92,000 was awarded to numerous non-profit organizations throughout the Inland Empire.

“The Bank realizes the importance of giving back to groups and organizations in our local communities that continue to improve our quality of life,” stated Gwen Wertz, Senior Vice President of Retail Banking. Ms. Wertz went on to say, “By participating in the Community Partnership Program, Provident Bank customers are empowered to help direct the Bank’s charitable giving campaigns. The Bank has found that many of our customers are committed members of a diverse group of non-profits unselfishly giving of their time and financial resources. The Bank is honored to be invited by our customers and local non-profits to help fulfill the goals of these worthy organizations.”

For more information about the program, please contact Provident Bank at (800) 745-2217 and ask about the Community Partnership Program, some restrictions apply.

Safe-Harbor Statement

Certain matters in this News Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may relate to, among others, expectations of the business environment in which the Company operates, projections of future performance, perceived opportunities in the market, potential future credit experience, and statements regarding the Company’s mission and vision. These forward-looking statements are based upon current management expectations, and may, therefore, involve risks and uncertainties. The Company’s actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward-looking statements as a result of a wide range of factors including, but not limited to, the general business environment, interest rates, the California real estate market, competitive conditions between banks and non-bank financial services providers, regulatory changes, and other risks detailed in the Company’s reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2015.

Contacts: Craig G. Blunden Chairman and Chief Executive Officer Donavon P. Ternes President, Chief Operating Officer, and Chief Financial Officer (951) 686-6060

Source:Provident Financial Holdings, Inc.